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Can anyone post a link to an organic product the has been field tested and shown to have increased yields? I would be interested to see if there is another product with the organic profile of AgraBurst PRO. To suggest there are PLENTY of products just like this product is--well--misleading imo. I have tried to find another product that is non-chemical that can reduce fertilizer costs. But have not found one yet. Considering they have just started selling the product this past summer, not three years as mentioned, tells me they are just beginning the process of getting the product out there.
how is agraburst any better than the dozens of other very similar products out there being sold by larger more established companies.? surfactants, biostimulants, whatever you want to call them they are all very similar. made of the same ingredients.. is agraburst better?..doubtful.. is it cheaper?..no. so why would anyone buy it? maybe that's why there have been no sales to speak of for the past 3 years? hmmmm.
how is grog any better than any of the dozens of companies attending conferences like this one..? https://www.newaginternational.com/index.php/en/conferences/our-conferences/488-the-3rd-biostimulants-world-congress-miami-usa-november-2017
the only difference i can see is that these companies have some revenue to speak of and grog does not..
Sure did, big p and d, actually I bought into it ... but since, have learned a lot more, way different company now, great product, great mgmt, start of REVENUE. Quietly going about building a great company. Is a very different kind of penny stock that you definitely should take a risk with
Feb 2015 appeared to me to be a _&_ as the share price went up to .85 and then crashed. Does guy_the_guy recall that? Does Richard recall that? Hmm just asking.....
Yes we will see volume and price increase with some sales. Imo great time to accumulate. Would love to see a few larger sales. Won't take much from one of these countries to make a big difference for grog. Cambodia buys a few million worth of product, and this stock price and volume will be a distant memory.
The more I read about the organic marketplace, the more I think that GROG could have a very bright future. And the international market for organic farming is going to grow faster than the overall farming sector in those developing countries. They just need to start announcing orders and book revenues.Then I can see more trading volume coming in.jmo
many million retired, yes. many million still out there, also yes..
CEOCFO: When did you become CEO at GroGenesis and what were some of the first things you did in that role?
Mr. Kamolvathin: I was recruited by GroGenesis in the middle of 2015. I immediately recognized the opportunity and potential that GroGenesis had in its business plan. The company had committed shareholders that were passionate about helping farmers grow higher quality, more nutritious, healthy food. On the product side, I knew that I could make a significant contribution to improving the Agraburst formula. And on the corporate side, while there was no toxic funding or convertible notes outstanding and the corporate debt was manageable, I knew that I could make a positive impact on improving the capital structure and finding capital to take the business to the next level. Essentially, these were significant challenges, but I saw real opportunity in GroGenesis and its future.
One of the first steps I did was reevaluate the entire market cap of the company. We were a microcap company with a substantial amount of shares outstanding at the time. This ultimately affected our optics in the market place as we raised investment capital. So a major reorganization of outstanding shares had to be initiated. I visited with all of the majority shareholders and shared the new vision and mission and solicited their support to reduce the amount of shares outstanding and lock up a significant amount of shares that would eliminate any near term overhang as we moved forward. This was accomplished in the reduction of outstanding shares by 20 million, 5.5 million shares canceled and a multi-year lock up of 10 million shares. We are still discussing even further reductions and restrictions as we execute phases of our business plan.
The second task was to formulate a product that could help farmers reduce the amount of chemical input while at the same time provide price and yield incentives to produce higher value crops. This was achieved in the formulation of AgraBurst PRO. After conducting controlled trials in the field on a number of different crops in different regions of the world, we are confident that we confident that we have developed a significant product for the agriculture industry.
The third challenge was to reduce our corporate burn rate and recruit dedicated professionals to execute an aggressive business plan, albeit with limited resources initially. My management team shares the vision of helping farmers increase their family’s income through healthy farming practices. This commitment, by necessity, involves accepting lower compensation currently until we become cash flow positive. But I am proud to say that our team has that commitment and exhibits the dedication necessary to work in a young company with attainable and measureable goals.
It is true what someone said here--they resigned at the end of their terms. And I do agree that given the previous Board members biographies, I saw no background in agriculture or, for that matter, financial background. Considering that this was the first Board under the new CEO, I can see where board members in their 60's and early 70's are not as driven as younger potential board members.
And I do not think they have a lot of restricted shares. When the CEO came in, they clawed back something like 35 million shares to return to the treasury. And locked up a bunch more.
Overall, I am pretty pleased with what I am seeing the company do. Big splash in a major agriculture area--South East Asia. Nice launch to help their new distributors get new business.
Do some more homework guy. Company actually retired many millions of shares already and have identified all large shareholders. No secrets. Personal message from former director grant Walsh - the future is bright! Everyone currently involved with company is extremely devoted and taking less up front with the hope of huge success on the back end. I have the same outlook.
how many millions of shares are now held by former officers and directors.?? it's a revolving door at this place.
how will the share price ever increase while these guys are inevitably selling, selling, selling...........
all of these directors obviously didn't see enough potential in the company to stick around. I doubt they will want to hold their shares for long either.. very discouraging.
Apparently they were at the end of their terms. No problem in my view. I suspect we will see Board appointments soon. I would like to see someone with an AG background
is anyone else concerned in the slightest that virtually the entire board resigned last week?
this can't be good news..
My take - going along very very quietly right now, no pumping, very thinly traded, very few followers, and will probably stay that way. Very predictable now ... Until the next earnings report. Last earnings showed they actually sold product so as richard says we have proof that it works and that people will buy. But it will be interesting to see how much more they can sell in the near future. Then all the speculation and potential and pumping can start and maybe this can get crazy. I remember the pump from way back,they were calling this a 5$ stock, calculating all the crops and uses worldwide and so on
GroGenesis CEO Richard Kamolvathin Interviewed by CEOCFO Magazine on AgraBurstPRO, an Organic Agricultural Input
CEO Discusses Company Mission, Expansion of Distributor Network and Revenues
SIOUX FALLS, SD - (NewMediaWire) - October 25, 2017 - GroGenesis, Inc. (OTCQB: GROG) (the "company"), a global sustainable pioneer in AgriTech™ and the producer of AgraBurstPRO™, an organic, non-GMO nano-surfactant and emulsifier for farmers, fertilizer manufacturers and commercial lawn and turf companies, announced today that CEOCFO Magazine, an online investment publication that conducts interviews with company CEOs and CFOs, featured Richard D. Kamolvathin, President and CEO of GroGenesis, Inc., in the October 23, 2017 issue. In an exclusive interview with Lynn Fosse, Senior Editor of CEOCFO Magazine, Mr. Kamolvathin discussed the company's vision of assisting farmers in providing a path to value-added organic food production and increasing crop yields in the process of that transition. The interview can be accessed at http://www.ceocfointerviews.com/interviews/GroGenesis17.htm.
GroGenesis management recently returned from South East Asia after conducting a very successful Global Partners Conference where the company signed a distribution agreement with Curwel International, Co. Ltd. of Phnom Penh, Cambodia to distribute GroGenesis' groundbreaking organic input, AgraBurstPRO™ in the countries of Cambodia, Vietnam, Sri Lanka and Laos. GroGenesis has distributors in two other South East Asia countries -- Bangladesh and Myanmar -- and Latin America and the Caribbean Basin. The conference was covered by the media on TV, in newspapers, and online news sites.
Mr. Kamolvathin fielded questions on the company's prospects for revenues in the near future. He noted, "We look very positively towards generating revenue now with expectations -- and I underscore the word 'expectations' -- of healthy quarter to quarter revenue growth over the next two to four quarters. As of last quarter, we transitioned from a pre-revenue to a revenue-producing company. I like to say that we have moved from a company saying they have a product to a company that has a product that customers deem valuable enough to pay for."
When questioned about the company's future profitability, Mr. Kamolvathin said, "Our business model is designed to run lean, and we intend to keep it that way as we move forward. We contract with an experienced organic blender to produce AgraBurstPRO under our specifications and provide warehousing and logistical support. We do not have a retail sales force nor an institutional sales force. Our business is based on developing wholesalers, master distributors and distributors and then incentivizing them with a reasonable profit margin. We provide technical support and marketing support to these distributors, but we are structured to minimize the necessary overhead and shorten the path to long term profitability."
Mr. Kamolvathin emphasized that the Company's mission was two-fold. One goal is to make a demonstrable difference in the lives of farmers worldwide struggling to make a decent living for their families. And the second goal is to enhance shareholder value by growing deliberately and profitably to eventually becoming an influential force in the sustainable agriculture industry on a global scale.
Assume that's a rhetorical question. Lol,not many.
But I am also very encouraged, bright future.
Good interview. Sounds like GROG expects pretty good revenue increases over the next few months or quarters. If that happens the trading volume should go up. Really now. How many investors even know about them right now?
My brother in-law is a Big Gun successful farmer out in IA (crop, livestock and dairy). I sent him information on GROG to see what he thinks/knows. Will post his response.
Love that the company keeps shareholders up to speed. Not pumping, just good info.
GroGenesis shareholders and interested investors:
The recent market launch of AgraBurstPRO on October 5 in Phnom Penh with Curewel International, GroGenesis' distributor for Laos, Cambodia, Vietnam and Sri Lanka, is a prelude for approaching farmers and Non-Governmental Organizations (NGO's) like Fi-lan’thro-pe (see article below).
Separately, the Company has received a number of questions regarding our Communications Policy regarding the announcement of shipments/orders. GroGenesis will announce the first AgraBurstPRO shipments to a country of AgraBurstPRO upon actual shipment. Subsequent shipments to countries where first shipments have already been announced will not be the subject of a press release unless the size or customer is deemed significant enough for a separate press release.
To date, the Company has announced first shipments of AgraBurstPRO to Barbados and Colombia. The Company currently has announced distributors in Bangladesh, Cambodia, the Caribbean Basin, Laos, Myanmar, Sri Lanka and Vietnam. As a matter of company policy, new country distributors will be announced as definitive agreements are signed.
Regards,
Investor Relations for GroGenesis
Large orders will come, I suspect if they got a 3 mill order they would find away to produce the product in mass pretty fast. Money is a pretty good motivator. But all good questions,we shall see.
How much AgraBurst PRO can we produce? With all these distributors coming on board can we supply them? 10Q said we needed to raise a million dollars, what do you think about that? Seems to me the inner circle is surrounded by well to do friends and associates so $ should not be too big an issue... this is shipping in totes? Also, thought I heard they could even package product in much smaller sizes also reaching smallet customers. They secured 62k in revenue last q per 10q. Plus they said well back they are not shipping until the are paid, goal is profitability asap. Plus they truly want to have a major impact for the good of organic farming.
Interesting activity today.
Seems like interest is growing. As Richard said the sky is the limit on this product. Grog gets just a small percentage (2-5%) of the farmers in just one or two of these countries and the stock will be on a different exchange and be a buy out candidate. And why not? I have high expectations. I think it will be many countries, as more and more data comes in to support what we and the current distributors already know. Expect India distributor soon.
If you right button click on the page google translates the page. Long story short the outcome of the meeting looks very positive for the company's development.
Anyone read Cambodian? Found this on the internet.
http://www.maff.gov.kh/news-events/2044-??????????????????-???-?????-??????????????-???-richard-kamolvathin-?????????????????????????-grogenesis???????????????-??????-sandeep-majumda.html
Although it is in the local language--which actually helps sell the product in Cambodia than if it was in just English-- it shows to me that AgraBurstPRO is getting some press out there.
If I was a distributor I would much rather get incoming phone calls than have to beat the bushes (literally) for potential customers.
I was hoping for some news out of the market launch or conference in Cambodia like a big order announced. But, LOL, in retrospect that would have been suspicious. What were the chances of a market launch AND a big order at the same time. They look like they have JUST started with Curewel and those four countries.
Bangladesh had been announced earlier, so I would not be surprised to see an order out of there first. But, who know?
I think the key to GROG moving higher is when they start announcing shipments and seeing revenue booked. Or maybe a Sixty Minutes piece on how they are changing the world in the THird World, one farmer at a time.
LOL
GLTA
Thanks for posting, the more 3rd party confirmation we can get, the better.
Richard Kamolvathin, the president and CEO of GroGenesis, said farmers can now decide to rehabilitate their soil with a cost-efficient organic input while, at the same time, enjoying greater yields and higher returns on their crops.
“The opportunities to help farmers around the world transition from conventional chemical farming toward non-GMO and ultimately organic are in great need,” Mr Kamolvathin said.
If all this media attention can get translated into revenues, the sky is the limit.
http://www.khmertimeskh.com/5086272/deal-agricultural-input-confirmed/
Khymer Times out of Cambodia is good for the local marketing. Wonder when the company can get some media coverage from a US paper that is ead by potential investors. All in due time, I guess.
Real nice article, this is right up grogstock alley, and India was present at the recent conference... ...."The government has responded to the problem by constituting a panel, which will recommend ways to double the income of farmers by 2022. While this may be an overtly ambitious target, if we want to boost stagnated agricultural growth a shift has to be made, as finance minister Arun Jaitley said in parliament, from food security of the nation to income security of the farmers. However, there are many hurdles that have to be crossed if we want to achieve this objective."
India is the second largest exporter of agriculture products. Huge market.
They have issues, but grog could help with most.
https://thewire.in/52228/what-is-the-future-of-agriculture-in-india/
I got this update from the company this morning. Seems there are a lot of moving parts with high potential. This e-mail all but hints that GroGenesis will be getting distributors in three more countries--one being India. That is a huge market.
I cannot help but assume that distributors are not lining up to sign on to distribute AgraBurst without verifying to their own satisfaction that the product can help farmers and ,therefore, is a viable product to sell. Why sign on to sell a product that cannot perform?
Here's the e-mail (which I get because I signed into their opt-in list)----
GroGenesis Inc
To GroGenesis shareholders and interested investors:
Beginning on Wednesday, October 4, GroGenesis management met with the Agriculture Minister of Cambodia which resulted in the Minister sending five (5) Agriculture Ministry department heads dedicated to specific crops (rice, palm oil etc.) attending the conference the next day to assess AgraBurstPRO's efficacy and report back to the Ministry.
On Thursday, October 5, the GroGenesis Global Partners Conference and Signing of Curwel International as a Regional Distributor was, by all accounts, an unqualified success. The US Ambassador to Cambodia, William Heidt, commented to GroGenesis management: "What you did this morning is how a market launch should be done."
GroGenesis' partner from Colombia, Manuel Oviedo, Director General of Vita-Agro S.A.S., presented the field test results from Colombia showing yield increases ranging from 15%-40%, depending upon the crop.
With over 200 attendees representing, the media presence was high from local newspapers and TV (Note picture of Richard Kamolvathin, CEO of GroGenesis, in Cambodian newspaper below).
The interest in distributing and using AgraBurstPRO was evident by the high attendance and participation in the Technical Forum and Q&A session in the afternoon following the more formal signing ceremony and presentation on "Accelerating GDP Growth Through Agriculture" on the morning of October 5.
GroGenesis Management continued to meet individually with prospective distributors, sub-distributors and representative from farming cooperative associations during the day on Friday, October 6. South East Asian distributors met with GroGenesis' partner from Colombia to ask detailed questions on AraBurstPRO field testing, yield increases recorded and application protocols. Specific interest from prospective customers was on rice and palm (palm oil) results.
In addition, training of field distributors from Vietnam on AgraBurstPRO application on rice was conducted at the Phnom Penh offices of Curewel International on Friday.
Previously announced distributors and sub-distributors from the following countries participated:
Bangladesh
Cambodia
Colombia
Laos
Myanmar (Burma)
Sri Lanka
Vietnam
Prospective distributors for the following countries participated and met with management:
India
Malaysia
Singapore
Future country distributors will be announced upon contract signing.
Regards,
Investor Relations for GroGenesis (GROG)
Notice Regarding Forward-Looking Statements
This e-mail communication contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon the Company's current expectations, estimates and projections and reflect its beliefs and assumptions based upon information available to the Company at the date and time of this communication Readers are that forward-looking statements are predictions based on current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. The Company's actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors. The Company undertakes no obligation to revise or update any forward-looking statement for any reason.
Right now, everything is perception ... potential. And things to me seem great. But soon enough will start to see some real numbers -revenues, etc and reality will begin to start taking form. How much product can they manfacture, how much can they ship, will they have to raise capital, what are these new distributor relationships worth, etc. This is a very different penny stock, hoping it can become a real company and we are all in on an incredible ground floor opportunity.
Definitive news out already direct from grog ...GroGenesis Inc. and Curewel International Co. Ltd. Sign Definitive Distribution AgreementLargest Distribution Expansion to Date Adds Four South East Asian Countries. And don't forget, these distributors pay before ship, check out richard k update from well back. They are working with a passion to help but they are also looking to be profitable, and profitable quickly.
Very very true. Be interested in your take of grog. Sorry don't have pm ability. This company would have to be really good at deception, in the next few days I suspect we will see 3rd party reaction/coverage from conference in Cambodia. But I have been fooled before. Just now getting back on feet. Gltu
Yes, I was one of those too, but things are completely different now. Still have my scam shares but have bought many more under the new regime since. Real product, great management, unlimited potential. Moving quietly and building strong and real foundation for going forward. Way bullish!!
Maybe there are others like me who already bought into similar hype and got burned in a strikingly similar company based in Sioux Falls, SD.
There is no real supply down here. I tried s 50k All or None Buy order at the ask and got zero shares
Bought a few more today at .25. At some point the contracts and progress will be recognized. Good people,great product, huge market, word spreading, now I wait.
I would expect more news on shipments to other countries. There probably is a reason why they are not saying how much the shipments are for. If you check the numbers of those South East Asian nations in acreage, GroGenesis could do $10 to $15 million in revenues by end of 2018. Not counting South America
IMO, GroGenesis could really be on to something. We may not think SE Asia is exciting, but those economies are uge in agriculture. If they can prove higher yields with all these distributors, they could book million dollar contract0s. Especially if Agriculture ministries got involved.
NY bet is that GROG will be a different company with the year. Much higher revenues, profitable, and more countries in their network.
jmo
Agree on all.
Gltu
I think great things here too, but no one knows about this little gem, and the company is going about this very quietly. No big stock promotions as in past. Current management has really cleaned things up and are building a solid solid foundation. So when things do take off, there will be substance to indeed promote. They are working internationally to start where less regulation, creating year round network of suppliers with varying growing seasons to keep business flowing, innovation with product, major Florida connection, they are well connected to $ when needed, and they are in it for more than just the $. I have bought anywhere from .10 to .42. The .42 way back in the pump and dump and most of the rest after actually learning more about how great things are actually going on now. Management is shareholder friendly as they themselves are shareholders who have been burned by penny stocks before.
Hate to be the only one posting, but today's news seems pretty substantial on several fronts. Yet, at this point no influence on vol. Don't get it.
SIOUX FALLS, SD--(Marketwired - Oct 9, 2017) - GroGenesis, Inc. (OTCQB: GROG) (the "company"), a global sustainable pioneer in AgriTech™ and the producer of AgraBurstPRO™, an organic, non-GMO nano-surfactant and emulsifier for farmers, fertilizer manufacturers and commercial lawn and turf companies, announced today the signing in Phnom Penh, Cambodia of a major distribution agreement with Curewel International.
After the requisite due diligence on the part of both GroGenesis and Curewel International, including university field testing to confirm efficacy on soil health and validating crop yield increases, the Memorandum of Understanding agreement with Curewel announced July 25, 2017 has resulted in the two companies arriving at a definitive agreement for the distribution of AgraBurstPRO™ in the South East Asia region, specifically for the countries of Cambodia, Laos, Sri Lanka and Vietnam.
The signing ceremony with Curewel International and GroGenesis was conducted at a major media event on October 5 at the Sofitel Phnom Penh Phokeethra with over 180 attendees including media representatives, rice producers, palm oil producers, fertilizer manufacturers, NGO representatives, bio-fuel producers, cash crop growers (jute, cassava etc.), fruit and vegetable growers, journalists and GroGenesis management.
Curewel and GroGenesis welcomed the Ambassadors to Cambodia from India, Myanmar, Vietnam and the United States to the well-attended conference. U.S. Ambassador William A. Heidt spoke about the macroeconomic agricultural issues facing Cambodia and the microeconomic contributions and solutions offered by GroGenesis.
Mr. H.E. Lao Sokharom, Secretary General of the Office of the Council of Ministers for Agriculture for Cambodia, introduced other Ministry of Agriculture colleagues who will work with GroGenesis to learn more about AgraBurstPRO and how the product can help Cambodia's farmers. Mr. Sokharom emphasized that now is the time for Cambodia to be more aggressive in introducing healthy products.
Representatives from eight (8) South East Asia countries (Bangladesh, Cambodia, India, Indonesia, Laos, Malaysia, Sri Lanka, and Vietnam), two South American countries (Colombia and Peru) and one distributor from Switzerland participateid to learn more about AgraBurstPRO and meet with the managements of GroGenesis and Curewel International.
Sandeep Majumdar, Chairman and Managing Director of Curewel International Co., Ltd.opened the event with an overview of Curewel followed by the introduction of Richard Kamolvathin, CEO and Chief Science Officer of GroGenesis. Mr. Kamolvathin delivered a presentation entitled "Accelerating GDP Growth through Agriculture."
In the afternoon, a well attended technical forum was held on AgraBurstPRO™ followed by a Question and Answer forum to review the field testing results conducted on various crops and answer questions on the science and application protocols.
Sandeep Majumdar, Chairman and Managing Director of Curewel International Co.,Ltd., said, "We are very pleased to be signing on with GroGenesis as a distributor for AgraBurstPRO for Cambodia, Laos, Sri Lanka and Vietnam. After working with the Master Distributor for GroGenesis on field testing to satisfy our own due diligence to introduce and distribute AgraBurstPRO to these four countries, we saw the remarkable results on crop yields and soil health when this exciting input was applied. Farmers are in dire need of a cost effective input that pays back the investment in multiples through higher yield. To get that increase in yield with an organic, all natural application that reduces chemical inputs is even more impressive."
Mr. Majumdar continued, "I have a very real passion to make a significant difference in the agriculture of my country and the South East Asia region where so many people are engaged in growing food for their families and earning an income to buy necessities and discretionary consumer products. Any improvement in the return on investment in agriculture flows throughout every country's economy. We feel we can have a major impact on agriculture in South East Asia by working with GroGenesis to introduce AgraBurstPRO to regional farmers and farming enterprises."
Mr. Richard Kamolvathin, President and CEO/CSO of GroGenesis, said, "GroGenesis is very fortunate to have this opportunity to support Curwel International in introducing AgraBurstPRO to South East Asia. Mr. Sandeep is an incredible humanitarian businessman who often talks of the 'human touch.' He has the vision and determination to help farmers increase income while also committing to restoring the balance in the soil."
Kamolvathin concluded, "Farmers can now decide to rehabilitate their soil with a cost-efficient organic input and, at the same time, enjoy greater yields and higher returns on their crops. The opportunities to help farmers around the world transition from conventional chemical farming toward non-GMO and, ultimately organic, are in great need. Global food security will continue to be under stress and green science will continue to see increased demand. We look forward to working closely with Curewel International to introduce AgraBurstPRO to Cambodia and the rest of South East Asia."
A
Yes if u add up numbers and consider some double attenders of sessions,got to figure over 200 people in attendance. I would bet we will see news worthy activity from the conference for several weeks, if not months. If they could prove to the government's and prospective distributors what I know about the tech. Then we are sitting on a powder keg.
You would think there would be news coming out of that conference in Cambodia. Maybe this coming week. I tried to get shares at .21. But no dice. I want to round up to 100k shares.
To GroGenesis shareholders and interested investors:
GroGenesis conducted its first Global Distributor Conference in Phnom Penh, Cambodia today. Attendance at the event in the morning exceeded 200 participants with a number of Cambodian Ministry of Agriculture department heads including crop specialists for rice, palm oil and cash crops (cassava and jute). The US Ambassador to Cambodia, Mr. William A. Heidt made comments on the unique opportunities that exist for innovative companies in agriculture like GroGenesis to help countries like Cambodia meet the challenges of growing healthy food for its populace.
The three hour afternoon session was attended by over 100 participants made up of prospective customers and potential sub-distributors to address technical questions and presenting detailed field testing results of AgraBurstPRO by GroGenesis' distributors in Bangladesh and Colombia. Mr. Lynn Griffith, an authority on turf and tropical plants, presented his experiences with AgraBurstPRO and field testing currently ongoing in Florida. (http://www.grogenesis.com/news/corporate-news/grogenesis-signs-soil-and-turf-consultant-lynn-griffith-to-distribute-agraburst-protm-to-florida-turf-market)
Local media (TV and newspapers) interviews with Mr. Kamolvathin, CEO of GroGenesis, were conducted during the day.
The company is hosting a final meeting tomorrow for potential key customers invited by the regional distributors to meet with the CEO of GroGenesis and get their questions on AgraBurst PRO answered.
Investor Relations for GroGenesis
Well my prediction of volume this week was, well, horrible.lol
Really thought that last bit of news would bring in some interest. Should of, imo.
I think this conference will have a positive outcome. Whether the stock price increases that will remain to be seen but they way I see it the company is a going concern and their progress will determine the price. Slow and steady for a long term win.
That distributor conference is this Thursday. I would expect some news out of the meeting. Like new distributors or a Big order. Jmo
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GroGenesis Inc. is an agricultural services enterprise offering food producers and turf groundskeepers a revolutionary, proprietary, all-natural, non-GMO nano-surfactant (AgraBurst PRO) which optimizes the plant's uptake of applied nutrients resulting in the enhancement of the health of the soil and crops. The non-chemical properties of AgraBurst reduces the potential harm to farm and landscape workers.
Field testing has generated data that valildates the product's efficacy and ability to INCREASE crop yields.
http://www.grogenesis.com/news/presentations
AgraBurstPRO Overview:
http://www.grogenesis.com/technology/agraburst
Industrial Hemp Production in US and Canada Offers Significant Market Opportunity for AgraBurstPRO™
SIOUX FALLS, SD, Nov. 08, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- GroGenesis, Inc. (GROG), a global pioneer in sustainable agriculture technology, announced today that the company has entered the industrial hemp cultivation market in the US and Canada with its broad spectrum, organic adjuvant, AgraBurstPRO™. Based on positive feedback from hemp growers, the company has identified industrial hemp as a significant new market for AgraBurstPRO™, an organic input which optimizes the uptake of any agricultural input applied to any plant. After conducting due diligence on the hemp industry and the prospects for the legalization of industrial hemp production in the U.S., the Company field tested AgraBurstPRO™ with hemp producers who were impressed by the positive results exhibited in the health of their plants, growth rate improvement and plant size enhancement.
Mr. Richard Kamolvathin, President and CEO of GroGenesis, said, “After completing numerous field trials with our partners to validate the effectiveness of AgraBurstPRO and its more efficient delivery of all applied inputs on any plant, including hemp, it became apparent that the industrial hemp industry in Canada, where hemp farming is already legal, and the probability that hemp cultivation will become legal in the U.S. soon, presents a lucrative market for GroGenesis. Recent control test reports from cultivators have strongly encouraged us to proactively target the hemp market -- a lucrative market to tap with the multitude of industrial uses, rapid growth rate to harvest and the yet-to-be-realized potential of CBD oil.”
Kamolvathin continued, “As an organic science company focused on the reduction of toxic chemical inputs into the environment, we believe it is important to identify and add new market opportunities in other viable market sectors that align with our core values and as we continue to commercialize our flagship product, AgraBurstPRO for agriculture. Our strategy is to apply the same business model that we have used in the past by developing business relationships with distribution partners that are in a specific market sector and provide the technical, manufacturing and marketing assistance, in addition to specific protocols, for our distributors to be successful under their own private level brand.”
Hemp, one of the fastest growing plants with a sixty-day growth cycle in many states, is cultivated for fiber, oil, and seeds which are subsequently refined into numerous products including wax, biodegradable plastics, resin, textiles, pulp, paper, rope, clothing, biofuel, animal feed, paint and hemp oil. In addition, the use of CBD oil is being researched on its beneficial effects for anxiety relief, anti-seizure, pain relief, anti-acne, food ingredients and promising potential for cancer therapy.
According to the Hemp Business Journal, the U.S. hemp industry’s sales in 2017 was $820mm, including $190mm for Hemp-Derived CBD products, $181mm for personal care products and $137mm for hemp food products. However, as legal and regulatory hurdles are removed and consumer knowledge on CBD oil develops, it is estimated that the U.S. hemp industry will grow at a 5-year Compound Annual Growth Rate (CAGR) of over 14% (2018-2022) to a $1.9 Billion dollar market by 2022. In Canada, over 100,000 acres of hemp was under cultivation in 2017 with significant increases in production forecasted over the next five years.
Mr. Kamolvathin concluded, “AgraBurstPRO, as an organic input, can be an integral part in the protocols for the production of food crops, flowers and turf, in addition to cash crops such as palm oil, tobacco and hemp. With the prospect of the legalization of hemp production in the U.S, there is a significant market opportunity for the agriculture industry in both Canada and the US. Both new and veteran hemp cultivators will be establishing their farming protocols that can include AgraBurstPRO, an input that enhances drought tolerance, disease resistance and crop yields. We look forward to positively impacting the industrial hemp industry in North America and internationally."
About AgraBurstPRO™
AgraBurstPRO™ is an organic, broad spectrum adjuvant which acts as an efficient delivery system for all applied agricultural inputs. Applied as a surfactant, AgraBurstPRO™ facilitates the rapid and direct absorption of inputs through the leaves and stems of a plant which results in the more efficient access of applied and available nutrients, resulting in less fertilizer required, improving drought tolerance and increasing crop yields. By optimizing the plant's uptake of applied pest and weed controls and fertilizers, food producers can minimize other input costs, reduce the health risk to workers and produce healthy food for farmers' families and consumers. AgraBurstPRO™ improves the natural health of all plants -- including food crops, trees, vegetables, grasses and cash crops such as tobacco, palm, flowers and hemp-- by dramatically stimulating the nutrient and water uptake in plants. The solution applied as a spray is a plant-based extract which is organic, non-toxic, carcinogen-free, biodegradable and safe for use in all soil conditions. Its application amplifies every plant's natural capacity to absorb nutrients through its own foliage while augmenting root development and soil uptake. Any agricultural input's performance is enhanced by integrating the application of AgraBurstPRO™ either separately or in an input manufacturer's original formulation--including fertilizers, herbicides and fungicides.
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About GroGenesis, Inc.
GroGenesis, Inc. is a sustainable agriculture technology services enterprise offering food producers a non-toxic proprietary, all-natural, non-GMO surfactant which enhances soil and crop health and reduces the health risk to farm workers due to its non-toxic properties. GroGenesis' flagship product, AgraBurstPRO™, is a non-toxic, concentrated agricultural input solution which enhances the ability of the plant to more efficiently use the added nutrients incorporated in fertilizers, resulting in less fertilizer required. The application of AgraBurstPRO™ can begin the process of improving the health of the soil while minimizing the use of conventional chemical agricultural inputs. For more information, please visit the Company's website at www.GroGenesis.com.
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, the development of our products, our limited financial resources, our ability to raise the working capital needed to fund the expansion of our current and future distribution commitments, our ability to retain key employees, our competitors' ability to develop better or less expensive alternatives to our products and the risks and uncertainties discussed under the heading "Risk Factors" in Item 1 of our Annual Report on Form 10-K for the fiscal year ended May 31, 2017, and in our other filings with the Securities and Exchange Commission.
Contact: GroGenesis, Inc. (605) 836-3100 info@grogenesis.com
_____________________________________________________________________________________________________________________________ Three distinct target markets for AgraBurstPRO Organic-certified
The most obvious market for AgraBurstPRO is the rapidly growing organic food industry. From 2005 to 2014, the organic sector grew from less than $14 Billion to $35 Billion. The U.S. organic industry continued its steady growth in 2016, with food sales increasing 8.4 percent to $43 billion. Considering that total food sales increased only 0.6 percent, the preponderance of the growth is in the organic sector. According to the Organic Trade Association in its 2016 Organic Industry Survey, organic food now accounts for 5.3 percent of all food sales in the US--alot of room to grow as consumer demand for organic food accelerates. Global sales of organic food totaled approximately $90 Billion in 2016 vs. $80 Billion in 2015.
Farmers who are already Organic-certified have an economic interest in maintaining that certification and, if possible, increasing their crop yields. By incorporating AgraBurstPRO in their organic protocols, farmers can realize higher incomes from the improved yields (Yield increases in field tests in Colombia, Cuba and Bangladesh have recorded increases in production from 15% to 40%). Field tests are currently being conducted in two states in the US for soybean and corn.
Conventional Farmers Considering Transitioning to Organic
This significant market includes farmers already committed to converting from conventional (chemical) farming to organic farming. But there also is an increasing interest from conventional farmers in adopting organic methods, but not willing to accept any decrease in yield. There is a growing number of conventional farmers that would abandon chemical inputs IF they could afford the 3-5 year transition time necessary to get their land "Organic--Certified". It takes years of NOT using chemicals to get to the point that a soil sample does not register any chemical residue--a requisite for Organic certification.
To date, this transition period was economically challenging because yields typically declined and the higher expected premium organic produce prices were not realized until after certification. With AgraBurstPRO, farmers converting to organic can "afford" to complete the process because of the higher yields . As noted previously, field tests have recorded yield increases ranging from 15% on coffee to over 40% on rice.
Conventional Farmers
Conventional farmers who want to continue using their current protocols always are driven to maximize their crop yields. The fact that AgraBurstPRO is organic AND increases crop yields substantially is a plus for these farmers. Although they do not care to become Organic-Certified, using a non-chemical input reduces the toxic work conditions inherent with andling chemical inputs.
Additional Non-food Markets
As a broad spectrum agricultural input, AgraBurstPRO is effective with any plant. Non-food crops that have been, or are currently, in field tests with AgraBurstPRO are flowers, cannabis, tobacco, turf, ornamental trees, coffee, cacao, palm (palm oil), corn, mangoes, banana, lawn/turf (golf courses, lawns and sports arenas) and pasture grasses.
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